Electrifying India’s Future: The Land and Investment Surge for EV Growth

As the world turns its focus toward sustainability, India stands at the threshold of a transformative journey—one powered by electric vehicles (EVs). On the occasion of World Environment Day, Savills India, a global leader in real estate advisory, unveiled a visionary report, Charged for Change: How EVs Are Reshaping Indian Real Estate, casting a spotlight on the monumental shift ahead.

The Scale of Transformation

By 2030, India will need between 5,760 and 6,852 acres of land—an area larger than many urban townships—to fuel the burgeoning EV sector. This vast expanse is earmarked for manufacturing hubs, lithium-ion battery plants, and a sprawling network of public charging stations. The financial commitment is equally staggering: up to USD 9 billion in investment will be required to turn this vision into reality.

Driving Forces Behind the EV Revolution

The EV market in India has seen explosive growth, spurred by converging forces: dynamic market trends, proactive government policies, escalating environmental concerns, and the relentless rise in fuel prices. These factors have ignited a national drive toward cleaner, greener mobility, encouraging both individuals and businesses to embrace sustainable alternatives.

Government Initiatives and Domestic Momentum

The Government of India has launched a suite of initiatives to accelerate EV adoption and fortify the supporting ecosystem. Rising domestic manufacturing, bolstered by the entry of global and local industry leaders, is reducing import dependency and enhancing cost competitiveness. Innovations in battery technology are extending driving ranges and improving charging capabilities, making EVs more practical for everyday use.

The Real Estate Sector’s Green Renaissance

Aligning with India’s ambitious target of achieving 30% EV penetration by 2030, the real estate sector is poised for unprecedented growth. The surge in EV demand will catalyze the need for:

• Industrial and warehousing spaces for EV and battery manufacturing
• Assembly units for streamlined production
• Storage and distribution centers for EV components and batteries

The expansion of supply chains will further elevate the demand for strategically located warehouses and logistics parks, reshaping the industrial landscape.

A Vision for Sustainable Progress

Srinivas N, Managing Director, Industrial & Logistics, Savills India, encapsulates the vision:

“The government’s role, through a spectrum of policies and initiatives, is to foster innovation, investment, and infrastructure development while addressing climate change and energy security concerns.”

“The real estate sector is expected to experience significant growth driven by the rise in EV adoption, with the need for multiple real estate segments to support this transformation.”

A Skilled Workforce Fuels the Future

India’s growing pool of skilled professionals is fueling research and development, as well as domestic manufacturing, ensuring that the country not only meets but exceeds its sustainability goals. This robust ecosystem lays the foundation for sustained EV growth, positioning India as a global leader in green mobility.